COMPOUND RISK: CLIMATE, DISASTER, FINANCE, PANDEMIC

GRETA Associati (Venice, Italy), Cattolica Assicurazioni (Verona, Italy),  European DataWarehouse (Frankfurt am Main, Germany), European Investment Bank (Luxembourg), European Investment Fund (Luxembourg) and Intesa Sanpaolo (Milan, Italy) are co-sponsors of a Conference to be held in Venice on September 23-24, 2021.

The Conference will bring together academics, practitioners and PhD students working in various areas of financial and credit risk with the aim to create a unique opportunity for participants to discuss research progress and policy and industry-relevant insights as well as directions for future research.

The Conference, organised under the auspices of the Department of Economics and VERA - Venice centre in Economic and Risk Analytics for public policies (Ca’ Foscari University of Venice), ABI - Italian Banking Association, AIAF - Associazione Italiana per l'Analisi Finanziaria and the Joint Research Center, European Commission (Ispra, Italy), is the twentieth of a series dedicated to various aspects of credit risk.

The theme of this year’s conference is the relation between financial risk on the one hand and pandemic, climate and disaster risk, on the other hand, with particular attention to the possible compounding of different sources of risk.

The past year, 2020, has been marked by the still-ongoing COVID-19 pandemic crisis, which has shown how fragile our economic systems can be when confronted with shocks that threaten public health and the closeness of the connections between economic and financial risks and public policy.

Climate change is now widely recognized as a new source of financial risk which is relevant both at the level of households and individual institutions and the systemic level. In particular, the many central banks and financial institutions that have joined the Network for Greening the Financial System (NGFS) have issued recommendations on how to integrate climate considerations into risk management strategies and practices.

However, risks such as pandemics and climate change do not occur in isolation but can also compound, as has already been seen in several countries. The compounding of risk, which is currently poorly understood, increases the complexity of risk assessment and risk management, and it has implications for socio-economic development, as well as for public debt sustainability.

In the EU, these aspects have major implications for efforts to increase the resilience of the economy to future shocks and to “build back better”, and requires the alignment of COVID-19 recovery policies, such as those supported by the NextGenerationEU, and the EU Green Deal and the Paris Agreement targets.

The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Vittoria Colizza (INSERM, France), Robert Engle (Stern Business School, New York University) and Roberto Rigobon (MIT Sloan School of Management) who will deliver keynotes, respectively on finance and on epidemics.

The Conference will also feature panel discussions on researchers', practitioners' and policy makers’ views of the major issues at stake.

CALL FOR PAPERS

The organizers encourage submissions on a range of topics of relevance to this year’s theme including: finance and COVID-19; finance and climate risks; finance and compound COVID-19 and climate risks. In particular, submissions are welcome in the following areas:

• INVESTMENTS: Sustainable Finance, Disaster risk finance; Finance 4 good; public finance; blended finance;
• POLICIES: Climate Policies, European Green New Deal; Next Generation EU; Recovery Plan;
• INFORMATION: Data gaps; modelling challenges; risk transmission channels; uncertainty; complexity.

Those wishing to present a paper at the Conference should submit by May 31, 2021 to the address given below (preferably in electronic format).

Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 30, 2021.

The final version of accepted papers must be received by August 31, 20201.

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IMPORTANT DATES

• May 31, 2021 Papers submission deadline1
• June 30, 2021 Paper acceptance notification
• August 31, 2021 Deadline for sending final version of accepted papers
  

SPONSORS

AUSPICES

INVITED SPEAKERS

VENUE

Palazzo Franchetti
San Marco 2842 - 30124 Venezia
Tel.: +39 041 2407755
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website: www.palazzofranchetti.it

SOCIAL PROGAMME

Hotel Bonvecchiati - La Terrazza
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Tel.: +39 0412963140
website: https://www.laterrazzavenezia.com/

The Networking dinner will be held at Hotel Bonvecchiati - La Terrazza Restaurant, on Thursday, September 23.

Located in the heart of Venice, Hotel Bonvecchiati enjoys a privileged position, just a few minutes’ walk from both Piazza San Marco and the Rialto Bridge.

Its romantic restaurant on the Liberty Style (Art Nouveau) terrace overlooks a characteristic canal and a water landing for gondolas. Since 1790, La Terrazza has been welcoming guests from all over the world, offering high standard cuisine. Today, it is a renowned typical restaurant where excellent traditional Venetian and regional cuisine are paired with a delicious and seasonal menu.